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Cleaning Robot Market Worth 2.50 Billion USD by 2020

07 Oct 2015 1:47 PM | IJCSA - (Administrator)



Cleaning robot becomes a one-time investment for individuals exploring cost-effective cleaning services. Further, with technological improvements in vacuum cleaners; highly advanced, small-sized, and efficient cleaning appliances are being developed. These robots can easily fit into limited spaces compared to traditional robots.

The emergence of futuristic robotics is supporting the innovation of smaller but technologically advanced and cheaper cleaning robots. Therefore, the development of small-sized cleaning robots serves to be a significant driving factor for the growth of this market.

The Cleaning Robot Market has been segmented into various verticals- residential, commercial, industrial, and healthcare, among others. The others category includes verticals such as small business units and contract service providers. The residential vertical segment led the global cleaning robot market in 2014, and accounted for a share of 59.4%.

In 2014, the floor cleaning robot segment held the largest share of 59.8% of the market for the residential vertical.

The research study is aimed at identifying emerging trends and opportunities in the global cleaning robot market along with detailed classifications, and size in terms of value and volume. It provides a comprehensive competitive landscape and identifies the key players with respect to market size and market share.

The research study also includes a detailed segmentation of the global cleaning robot market on the basis of products, verticals, and geography.

Apart from the market segmentation, this report also uses the Porter's five forces, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics such as drivers, restraints, and opportunities in the cleaning robot market.

More at source: PRNews 

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